Tupperware quarterly earnings surge; raises 2006 outlook

KatherineHunt

SAN FRANCISCO (MarketWatch) -- Tupperware Corp.
TUP, -1.77%
after Tuesday's closing bell reported third-quarter net earnings of $13.1 million, or 22 cents a share, compared with $2.6 million, or 4 cents a share, during the year-ago period. The Orlando, Fla.-based maker and distributor of kitchenware and cosmetics posted revenue of $394.9 million vs. $270.7 million. Analysts polled by Thomson First Call had forecast third-quarter earnings of 9 cents a share on revenue of $396 million. In addition, Tupperware said it expects fourth-quarter per-share earnings of 64 cents to 69 cents, or 70 cents to 75 cents on a pro forma basis, on revenue of $460 million to $470 million. For 2006, the company said it now sees per-share earnings of $1.53 to $1.58, up from its previous outlook of $1.40 to $1.50, on revenue of $1.72 billion to $1.73 billion. Pro forma earnings are expected to be $1.75 to $1.80 a share, up from the previous outlook of $1.67 to $1.77 a share, the company said.

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